There is a real possibility the world’s biggest economy is heading toward a recession and it is threatening to drag the world’s biggest share market into a crash. Justin Wolfers, a professor of economics and public policy at the University of Michigan, is concerned US President Donald Trump’s “chaotic” tariff policy is hurting business confidence…
2h agoMon 10 Mar 2025 at 8:47pm Market snapshot ASX 200 futures: -0.9% to 7,895 points Australian dollar: -0.5% to 62.75US cents S&P 500: -2.7% to 5,614 points Nasdaq: -4% to 17,468 points FTSE: -0.9% to 8,600 points EuroStoxx: -1.3% to 546 points Spot gold: -0.8% to $US2,888/ounce Brent crude: -1.6% to $US69.22/barrel Iron ore:…
Just nowMon 25 Nov 2024 at 9:07pm Petrol falls 4.5c at the bowser in past week Falling global oil prices are making it to the pump. Last week the average retail price of a litre of unleaded fuel, averaged nationally, was 173.0-cents, down from 177.5-cents a week earlier. The average for the past 12-months has…
Reducing the debt of China’s beggared local governments by CNY (yuan)12 trillion ($2.6 trillion) in less than five years sounds impressive but it has been met with serious disappointment by those on the outside looking in – investors, commodity traders and a large chunk of the commentariat. Certainly, investors on the ASX were disappointed and…